respect replied to the topic Can not get a $300k loan on my $3M rural property that i own outright in the forum Help Needed! 14 years, 1 month ago
Howdy, perhaps they are treating the loan as commercial due to the commercial farming scenario, rather than residential, Commercial vs residential rates differ by roughly 2.25%. We pay 9.75% to Bankwest on a big commercial bill, and I pay 6.61% on my personal line of credit with Bankwest. NAB used to be our bankers but they wouldn't finance us a…[Read more]